News

US stocks move between gains and losses in early trading; Fed minutes coming up

NEW YORK, N.Y. – Stocks are moving between gains and losses in early trading as traders digest the latest corporate earnings news.

The Dow Jones industrial average rose 20 points, or 0.1 per cent, to 16,738 as of 9:36 a.m. Eastern time Wednesday. The Dow plunged 272 points the day before.

The Standard and Poor’s 500 rose three points, or 0.2 per cent, to 1,938. The Nasdaq composite was flat at 4,394.

Yum Brands rose 2 per cent in early trading after the owner of KFC and Pizza Hut earned slightly more in the latest quarter than analysts expected.

Monsanto fell half a per cent after reporting results that missed analysts’ estimates.

Later Wednesday the Federal Reserve releases minutes from its latest policy meeting last month.